Swedbank AB (publ) (OTCMKTS:SWDBY) Cut to Hold at Citigroup

Citigroup cut shares of Swedbank AB (publ) (OTCMKTS:SWDBY) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

Separately, Barclays cut Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd.

Swedbank AB (publ) Price Performance

Shares of SWDBY opened at SEK 22.98 on Monday. Swedbank AB has a 52 week low of SEK 18.52 and a 52 week high of SEK 26.56. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 3.63. The firm has a market cap of $25.85 billion, a price-to-earnings ratio of 7.84, a PEG ratio of 0.93 and a beta of 0.93. The stock has a 50 day moving average of SEK 24.08 and a 200-day moving average of SEK 21.56.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. As a group, analysts forecast that Swedbank AB will post 2.34 EPS for the current year.

Swedbank AB (publ) Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be paid a dividend of $1.9773 per share. This is a positive change from Swedbank AB (publ)’s previous dividend of $1.48. The ex-dividend date of this dividend is Friday, March 28th. Swedbank AB (publ)’s payout ratio is presently 46.08%.

Swedbank AB (publ) Company Profile

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.